Property Type Retail
Financing Type Refinancing
Date January 19, 2016
Robert Slatt, a Principal in Gantry’s San Francisco office, has arranged $16,000,000 in permanent refinancing for Marketplace at Town Center in El Dorado Hills, California.
Robert Slatt, a Principal in Gantry’s San Francisco office, has arranged $16,000,000 in permanent refinancing for Marketplace at Town Center in El Dorado Hills, California. The subject property is located within a 318,458 square foot lifestyle center located in the residential suburbs of El Dorado Hills.
The collateral property is located on the north side of the center consisting of 112,644 square feet of retail space of which 52,029 square feet is anchored by a Nugget Grocery Store.The new financing replaced existing debt on the property and was secured through Ladder Capital. Terms of the transaction were not disclosed, although Gantry will service this loan for Ladder Capital and the property owner.
Gantry is a full service mortgage banking firm with a best in class lineup of correspondent lenders utilizing Gantry’s production, closing, and servicing capabilities. Established in 1991, Gantry is currently staffed by over 50 employees in regional offices throughout the Western United States. The company services over $7 billion representing over 800 loans. Gantry has been rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-banking / non-insurance chartered companies with this designation.
For more information on this transaction please contact Robert Slatt at 415-946-6246 or Michael Heagerty at 415-956-9854.